October 5, 2024
Chicago 12, Melborne City, USA
Economy

US CPI to Show Modest Gains as Fed Debates Rate-Cut Strategy

Economists are anticipating that the upcoming U.S. Consumer Price Index (CPI) report will reveal another month of subdued inflation, potentially influencing the Federal Reserve’s decision on how much to reduce interest rates at its next policy meeting. According to projections gathered from a Bloomberg survey, the Bureau of Labor Statistics is expected to report a

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Technology

India Aims for $500 Billion Electronics Industry by 2030, Says PM Modi

India’s Prime Minister Narendra Modi has set an ambitious target for the country’s electronics industry, aiming to expand it to $500 billion by 2030. In a keynote address at a semiconductor conference near New Delhi on Wednesday, Modi highlighted India’s growing role in technology, particularly semiconductors, as a driver for economic growth. Currently, India’s electronics

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Market

Stock Futures Dip, Bonds Rise as Inflation Report Looms: Markets Wrap

U.S. stock futures declined while bond prices climbed ahead of a crucial inflation report, raising concerns that the Federal Reserve may have delayed easing monetary policy for too long. Amid fresh fears of decelerating economic growth, global bond yields hit two-year lows, with oil trading below $70 a barrel. Investors are now turning their attention

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Market

Eurozone Mortgage Lending Rebounds as ECB Eases Interest Rates

Mortgage lending across Europe saw a significant rebound in July, driven by falling interest rates as the European Central Bank (ECB) began cutting rates, which has bolstered home buying activity. Banks in the eurozone disbursed €71 billion ($78.5 billion) in home loans during July, marking the highest level since August 2022, according to the latest

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Technology

EU Should Support Telecom Mergers to Boost Investment, Says Draghi Report

The European Union needs to embrace more mergers within the telecommunications sector to enhance investment and maintain competitiveness, according to a key report authored by Mario Draghi, former President of the European Central Bank. The report, which was published on Monday, outlines how strategic consolidation can strengthen the EU’s economy. “Encouraging consolidation in the telecom

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Industries

BRP Bets Big on Electric Motorbikes Amid Industry Challenges

BRP Inc., known for its snowmobiles and other recreational vehicles, is making a bold return to the motorcycle market after nearly four decades—this time with an electrified twist. With rising global interest in electric vehicles (EVs), BRP’s CEO, José Boisjoli, believes this is an opportunity the company can’t afford to miss. However, the real question

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Economy

ECB’s Economic Outlook Clouded by Sluggish Consumer Spending

Consumer spending across the eurozone remains subdued, casting doubts on the region’s economic recovery. While the European Central Bank (ECB) had hoped for a resurgence in consumption to boost growth, the data suggests that households are still holding back. This hesitation to spend is now posing significant risks to the broader economic recovery and intensifying

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Market

A Real-World Crypto Use Case That’s Gaining Traction: The Rise of Stablecoins

Since the advent of cryptocurrencies, there has been no shortage of critics who claim that digital assets serve little purpose outside of speculation and gambling. While early excitement surrounded concepts like Web3 and decentralized finance (DeFi), these innovations have largely remained speculative ventures. However, the search for a meaningful, real-world application for cryptocurrencies may finally

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Economy

ECB Wage Growth Measure Slows, Setting Stage for Possible Rate Cut

A crucial indicator of wage growth across the eurozone has shown signs of slowing, offering European Central Bank (ECB) officials the reassurance needed to move forward with anticipated interest rate cuts next week. According to calculations by Bloomberg Economics, based on data from Eurostat, compensation per employee in the second quarter increased by 4.3%, a

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Market

BofA Strategist Predicts Semiconductor Stock Slump if US Jobs Data Miss Expectations

Semiconductor stocks, including giants like Nvidia Corp., Broadcom Inc., and Advanced Micro Devices Inc., could face significant downside if upcoming US jobs data indicate a sharper economic slowdown, according to Bank of America strategist Michael Hartnett. Hartnett warns that if US payroll figures released on Friday fall below 100,000, and the unemployment rate rises above

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